ECONOMY

Q3 Earnings Review: KRChoksey Sees Broad Based Sectoral Recovery

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

With majority of businesses functioning normally after multi-phases of unlocking, there was broad based recovery across sectors, evident in growth in both the top-line and bottom-line.

Successful roll-out of Covid-19 vaccination program has further fueled optimism about sustainable and strong economic expansion in coming quarters.

The emphasis on infrastructure and capital spending in the union budget will facilitate job creation and increase demand within the economy.

Companies continued to focus on cost rationalization by maintaining travelling, sales and employee cost under control, resulting in growth in operating margins.

Rural sector continued to outperform, driven by growth in agricultural activity and government initiatives through rural programs.

Click on the attachment to read the full report:

KRChoksey Research Q3FY21 Consolidated Post Earnings Review.pdf

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